Once a $360 Billion Giant, PayPal Draws $53 Billion Bid
PayPal Holdings NASDAQ:PYPL rose 15.25% in premarket trading after Reuters reported that Stripe and private equity firm Advent International made a joint offer to buy the company for $60.50 a share, valuing it at more than $53 billion. The bid, submitted earlier this month, carries roughly a 28% pr…